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Financial
Distress signals
Property profile

205 Hicks Pl Palatine, IL 60067

FOR LEASE
Retail space
Property ID
US28-1805612
0.09 ac lot Built 1966
Last sale Jul 2026 · $240,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

205 Hicks Pl in Palatine, Illinois, is a free-standing commercial building of approximately 3,000 square feet. The property is located in a high-traffic area with street visibility and accessibility, and the site is configured for retail use, including potential for owner-user occupancy to support a retail presence in Palatine.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$7k
Tax billed · 2022
Assessed value$25k
Assessed land$14k
Assessed improvement$11k
Effective rate28.64%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$230k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$5k
Operating expenses−$18k
NOI · 138,800.00% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?
138,800.00%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store10.1
Storage Facility9.7
Smoke and Vape Shop9.4

Location

205 Hicks Pl Palatine, IL 60067
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1108 Wnw, Palatine, IL 60067-2214 $960,000 Feb 2026 No data
1951 Plum Grv, Palatine, IL 60067-7258 $1,300,000 Jan 2026 No data
4880 Euclid, Palatine, IL 60067-7276 $980,000 Jun 2025 No data
632 Colfax, Palatine, IL 60067-2356 $575,000 Apr 2025 No data
660 1st Bank, Palatine, IL 60067-8112 $900,000 Mar 2025 8,064 SF
270 Enw, Palatine, IL 60067-8107 $1,975,000 Feb 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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